Good Results for Liechtenstein's Foreign Trade in the First Half of 2018

Written by: Bridgewest

Posted: 2018-07-26

Liechtenstein’s foreign trade balance has increased for the second time this year, whit exports registering the most important increase. The total worth of the exports registered by Liechtenstein in the second quarter was 887 million Swiss francs, representing a substantial growth compared to the same quarter of 2017, as well. If you are interested in starting a trading company in the Principality, our company formation agents in Liechtenstein can explain the regulations in this sector.

Imports and exports of Liechtenstein companies rose in the second quarter

Trading remains one of the strongest sectors of Liechtensteinin the second quarter of 2018, as companies in the Principality reported increasing incomes in terms of imports and exports. Thanks to these results, Liechtenstein’s foreign trade balance grew two times – once in the second quarter compared to the first of 2018, and once compared to the second quarter of 2017.

Exports accounted for most of Liechtenstein’s foreign trade, bringing 887 million Swiss francs to the economy. Compared to last year, the growth was of 10.3%. In terms of imports, Liechtenstein companies brought goods worth a total of 510 million CHF. Compared to the same period of last year, imports grew by 6.4%.

Liechtenstein’s most important trading partners are in Europe

There is no surprise that Liechtenstein’s most important trading partners are in Europe, with Germany on top of the list. Trading with Germany rose from 22.3% to 22.6% on a quarterly basis, and by 11.5% on an annual basis. Liechtenstein also improved its trading relations with Austria, the annual growth representing 8%.

When it comes to imports, trading companies in Liechtenstein imported goods with a total value of 413,13 million CHF from neighboring countries, representing a yearly increase of 6.6%.

The exports to European countries represented 61% of the total exports, while imports from the same states represented 81%.

Foreign entrepreneurs who want to start businesses in the trading sector in Liechtenstein are invited to contact our local advisors for guidance in registering their companies.

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